The Company calculates earnings per share in accordance with ASC 260, Earnings Per Share, which requires a dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated by dividing net income by the weighted-average shares of common stock outstanding, reduced by shares repurchased and held in treasury, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding share option awards, nonvested share awards and nonvested share unit awards. During periods of net loss, diluted loss per share is equal to basic loss per share because the antidilutive effect of potential common shares is disregarded.

The following table sets forth the computation of basic and diluted earnings per common share:


	13 Weeks Ended						26 Weeks Ended
	June 29, 2025			June 30, 2024			June 29, 2025			June 30, 2024
	(In thousands, except per share data)
Net loss	$	(24,540	)	$	(10,004	)	$	(41,790	)	$	(18,290	)
Weighted-average shares of common stock outstanding:
Basic		22,157			21,956			22,090			21,894
Dilutive effect of common stock equivalents arising from share option and nonvested share awards		—			—			—			—
Diluted		22,157			21,956			22,090			21,894
Basic loss per share	$	(1.11	)	$	(0.46	)	$	(1.89	)	$	(0.84	)
Diluted loss per share	$	(1.11	)	$	(0.46	)	$	(1.89	)	$	(0.84	)
Antidilutive share option awards excluded from diluted calculation		814			430			717			358
Antidilutive nonvested share awards excluded from diluted calculation		452			656			534			494

The computation of diluted earnings per share for all periods presented excludes all potential awards since the Company reported a net loss in each period, and the effect of their inclusion would have been antidilutive (i.e., including such awards would result in higher earnings per share).